An important week of the profitable season

Last updated Jul 24, 2021

CNBC’s Jim Cramer said Friday that Wall Street will be overwhelmed with a full list of earnings reports from some of the biggest names in the business world next week.

After the major averages all closed the session at all-time highs and shook off concerns about economic growth, the Mad Money host said that there was virtually no room for error.

“This is the toughest week of the quarter when it comes to making informed financial decisions,” he said. “There aren’t enough hours in the day to read all of the conference calls … so do your best to focus on a few.”

Sales and earnings per share forecasts are based on FactSet estimates:

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Monday: Tesla wins

Tesla

Earnings release for Q2 2021: After Market; Conference call: 5:30 p.m.
Forecast earnings per share: 94 cents
Expected sales: $ 11.53 billion

“Tesla is one of the few big companies with stocks far from their highs, so it should be easier to bounce back on good news,” said Cramer.

Tuesday: earnings from Apple, Alphabet, Microsoft, Advanced Micro Devices

Apple

Publication of results for the third quarter of 2021: 4:30 p.m. Conference call: 5 p.m.
Projected earnings per share: $ 1.01
Expected sales: $ 73.3 billion

“We’re going into a big launch – all new models will support 5G – and there should be an incredible number of upgrades,” said Cramer. “Hopefully this quarter, thanks to this increasingly solid service revenue stream, Apple will begin measuring the lifetime value of its customers.”

alphabet

Earnings release for Q2 2021: After Market; Conference call: 4:30 p.m.
Projected earnings per share: $ 19.20
Expected sales: $ 56.19 billion

“Take care of your cash treasure, it continues to build up,” he said.

Microsoft

Earnings Release for Fourth Quarter 2021: After Market; Conference call: 5:30 p.m.
Projected earnings per share: $ 1.91
Expected sales: $ 44.13 billion

“Typically, analysts underestimate Microsoft, which allows the company to easily exceed expectations, but this time the stock could actually go down … expectations are finally catching up with them,” said Cramer.

modern micro devices

Earnings release for Q2 2021: After Market; Conference call: 5 p.m.
Projected earnings per share: 54 cents
Expected Revenue: $ 3.62 billion

“Under the brilliant leadership of Lisa Su, AMD has exceeded Intel in terms of what its customers want,” he said. “I hope she can announce a closing date for the acquisition of Xilinx as arbitrage pressures drag the stock down more than earnings can lift it.”

Wednesday: Boeing, Bristol-Myers, McDonald’s, Facebook, Ford, Mastercard earnings

Boeing

Earnings publication for the 2nd quarter 2021: ahead of market; Conference call: 10:30 a.m.
Projected losses per share: 81 cents
Expected sales: $ 16.72 billion

“I can imagine Boeing giving you a terrible number … and then telling you that they may have to raise even more money,” said Cramer. “These blows could be worth enduring because air traffic is already coming back and if we triumph over these new Covid variants, I expect very large orders from the airlines.”

Bristol-Myers Squibbs

Earnings publication for the 2nd quarter 2021: ahead of market; Conference call: 8 a.m.
Projected earnings per share: $ 1.89
Expected sales: $ 11.27 billion

“I expect you to … weak again,” said the host.

MC Donalds

Earnings release for the 2nd quarter 2021: 7:00 a.m. Conference call: 8:30 a.m.
Projected earnings per share: $ 2.11
Expected sales: $ 5.58 billion

“I think people are coming back to the stores so McDonald’s will do the numbers and people will buy the stocks,” the host said.

Facebook

Earnings release for Q2 2021: After Market; Conference call: 5 p.m.
Projected earnings per share: $ 3.04
Expected sales: $ 27.84 billion

“I’m not expecting a coronation, but let’s just say it’s going to be hard for Facebook to have a bad quarter – online advertising is too strong,” said Cramer.

ford

Earnings release for the 2nd quarter 2021: 4:05 p.m. Conference call: 5 p.m.
Projected losses per share: 3 cents
Expected sales: $ 22.83 billion

“I think the numbers have to go up here because the cars and trucks are just better than they used to be and the markets they operate in are more profitable,” he said. “I don’t expect this quarter to be good … I’m saying 2022 could be good.”

MasterCard

Earnings publication for the 2nd quarter 2021: ahead of market; Conference call: 9 a.m.
Projected earnings per share: $ 1.74
Expected sales: $ 4.37 billion

“That [American] Express Quarter was fantastic. I think Mastercard will tell us a good story too, “he said.

Thursday: Amazon, Twilio Profit

Amazon

Earnings release for the 2nd quarter of 2021: 4:01 p.m. Conference call: 5:30 p.m.
Projected earnings per share: $ 12.20
Expected sales: $ 115.34 billion

“I think the high-margin advertising business is going to be the star of the show – I like Alphabet for the same reason,” said Cramer. “I’m staying true to the share.”

Twilio

Earnings release for Q2 2021: After Market; Conference call: 5 p.m.
Projected losses per share: 13 cents
Expected revenue: $ 598 million

“Another company I bet on will surprise positively, Twilio,” he said.

Friday: Exxon Mobil, Chevron, Caterpillar Profits

Exxon Mobil

Earnings publication for the 2nd quarter 2021: ahead of market; Conference call: 9:30 a.m.
Projected earnings per share: $ 1.01
Expected sales: $ 64.64 billion

Chevron

Earnings publication for the 2nd quarter 2021: ahead of market; Conference call: 11 a.m.
Projected earnings per share: $ 1.59
Expected sales: $ 36.33 billion

“I urge you to respond to both of them with an open mind,” said Cramer. “There was a time when I thought the oils were not investable because too many younger money managers care about the environment, but you know what the big oils have become religiously on this matter.”

Caterpillar

Publication of results for the second quarter of 2021: 6:30 a.m. Conference call: 8:30 a.m.
Projected earnings per share: $ 2.41
Expected sales: $ 12.51 billion

“The stock has gone down – no infrastructure bill, maybe a slowdown in orders – but the stock’s decline now makes me buy a little here,” he said. “Could be a great second half.”

Disclosure: Cramer’s non-profit trust owns shares in Apple, Alphabet, Microsoft, Advanced Micro Devices, Boeing, Facebook, Bristol-Myers Squibb, and Ford.

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